Director/PDMR Shareholding

RNS Number : 3830E
Keywords Studios PLC
27 October 2022
 

27 October 2022

 

Keywords Studios plc

("Keywords Studios", "the Company")

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Conditional Award of Shares

Keywords Studios, the international technical and creative services provider to the global video games industry, today announces that, under the terms of the Keywords Studios Long Term Incentive Plan ("LTIP"), conditional awards of shares were granted on 26 October 2022 to the below named person discharging managerial responsibilities.

The LTIPs will normally vest on 26 October 2025. Vesting of the LTIPs are conditional on continued employment and the achievement of performance conditions approved by the Remuneration Committee, based on the Company's Total Shareholder Return ("TSR") versus the FTSE 250 Index (excluding investment trusts) (the "Index") over the 3-year performance period. Threshold vesting (25% of the award) will vest for TSR in line with the Index and full vesting will be earned for exceeding the Index TSR by 20% over the performance period.

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Joseph Binnion

 

2

Reason for the notification

 

a)

Position/status

Chief Culture Officer

 

b)

Initial Notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Keywords Studios PLC

 

b)

LEI

2138007VR9ZYCWS7VE12

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of

instrument and identification code

Ordinary shares of 1 pence each in Keywords Studios PLC (ISIN: GB00BBQ38507)

b)

Nature of the transaction 

Grant of nominal cost conditional award of shares under the Keywords Studios Long Term Incentive Plan, based on Group performance.

 

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

GBP 0.01

9,000

d)

Aggregated information

- Aggregated volume

- Price

Aggregate volume of shares: 9,000

Aggregate price of shares: GBP 90

 

e)

Date of the transaction

2022-10-26 (UTC)

 

f)

Place of the transaction

Outside a trading venue

 

 

ENDS

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END
 
 
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